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The pain in the Swedish property sector is about to spread further, as more companies face the risk of downgrades spurred by their deteriorating debt profiles, according to credit-rating company Moody’s Investors Service.
House prices in Ireland are set to continue to rise from current record levels as surging rental costs and population growth buoy demand amid inadequate supply.
Toronto home prices fell the least this year in November as fewer people put their homes up for sale, slowing a correction that began when interest rates started to march higher.
The downturn in Britain’s housing market hit construction activity harder than expected in November, with orders drying up and mounting concerns about the outlook for the economy.
Cie. de Saint-Gobain is nearing a deal to sell UK building supplies merchant Jewson to buyout firm CVC Capital Partners, people with knowledge of the matter said.
Jun 6, 2019
, Bloomberg News
Here’s one consequence of the slowing U.S. housing market: Home flippers are heading for the exits.
Homes that were resold within 12 months after being purchased made up 7.2 per cent of all transactions in the first quarter, the biggest share since the start of 2010, Attom Data Solutions reported Thursday. Meanwhile, the average return on investment, not including renovations and other expenses, dropped to 39 per cent, an almost eight-year low.
Speculators are on the housing market’s front lines, where softening price growth, waning demand and longer times to sell can turn quickly into shrinking profits, or even losses. Purchases of previously owned homes fell 4.4 per cent in April, the 14th straight year-over-year decline, according to the National Association of Realtors.
“Investors may be getting out while the getting is good,” Todd Teta, chief product officer at Attom Data Solutions, said in the report. “If investors are seeing profit margins drop, they may be acting now and selling before price increases drop even more.”
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